−55% below market
median 1,336 €/m² for comparable properties
60,000 € 1,132 €/m²
Rent covers ~ 555% of the payment
~ 1,477 €/mo rent · pays for itself in ~ 3 yrs
Sale245,000 €597 €/m²
Expected rent1,477 € /mo
~303,000 € BELOW MARKET
far below market
against the median for houses in Balchik (329 properties)
A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Area
410 m²
Land Area
400 m²
Construction
Brick
Year
2016
Yield analysis
Good investment rating
Monthly payment1,087 €20% down payment · 20 yrs · 3%
Expected rent1,477 €at market conditions for the neighbourhood
The rent covers 136% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 14 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Property analysis
This house is priced about 303,000 € below the typical price (the median) for houses in Balchik (329 properties) — 597 €/m² against 1,336 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
With 20% down over 20 years the monthly mortgage payment is about 1,087 €, against an expected local rent of 1,477 €. The rent covers the whole payment (136%).
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
+84% above market
median 1,336 €/m² for comparable properties
569,000 € 2,452 €/m²
Rent covers ~ 59% of the payment
~ 1,477 €/mo rent · you top up ~ 1,048 €/mo
−40% below market
median 1,336 €/m² for comparable properties
104,000 € 800 €/m²
Rent covers ~ 320% of the payment
~ 1,477 €/mo rent · pays for itself in ~ 6 yrs
+52% above market
median 1,336 €/m² for comparable properties
325,000 € 2,031 €/m²
Rent covers ~ 102% of the payment
~ 1,477 €/mo rent · pays for itself in ~ 18 yrs
+40% above market
median 1,336 €/m² for comparable properties
249,990 € 1,865 €/m²
Rent covers ~ 133% of the payment
~ 1,477 €/mo rent · pays for itself in ~ 14 yrs
+14% above market
median 1,336 €/m² for comparable properties
274,900 € 1,527 €/m²
Rent covers ~ 121% of the payment
~ 1,477 €/mo rent · pays for itself in ~ 16 yrs
+24% above market
median 1,336 €/m² for comparable properties
264,900 € 1,655 €/m²
Rent covers ~ 126% of the payment
~ 1,477 €/mo rent · pays for itself in ~ 15 yrs
+23% above market
median 1,336 €/m² for comparable properties
325,000 € 1,658 €/m²
Rent covers ~ 102% of the payment
~ 1,477 €/mo rent · pays for itself in ~ 18 yrs